J.P. Morgan's Strategic Moves Ahead of the 2008 Recession: A Blueprint for Financial Resilience
In the turmoil that defined the 2008 recession, few financial institutions managed to navigate the crisis with as much foresight and strategy as Jamie Dimon's J.P. Morgan Chase & Co. (NYSE:JPM). Recognizing early signs of trouble, Dimon observed that "underwriting standards were deteriorating across the industry," which signaled the impending danger in the subprime mortgage market. This acute awareness led to a decisive action in late 2006, marking a significant pivot away from Wall Street's then-lucrative subprime business.
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